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Blue Lagoon Resources Adds Second Drill Rig; Releases First Rock Sample Numbers From Its Fall Prospecting Program
VANCOUVER, BC / ACCESSWIRE / January 18, 2021 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG; FSE:7BL; OTCQB:BLAGF) is pleased to announce, both, the re
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / January 18, 2021 / Blue Lagoon Resources Inc. (the \"Company\") (CSE:BLLG; FSE:7BL; OTCQB:BLAGF) is pleased to announce, both, the results from its fall prospecting program, and the addition of a second drill rig to its 20,000 Meter drill program currently underway on its Dome Mountain Gold project - an all-year-round accessible property located a short 50 minute drive from Smither B.C. \"With nearly $6 million in treasury and no debt, our exploration team is laser focused on rapidly moving the 2021 drill program forward and increase shareholder value on this highly prospective large land package of nearly 19,000 hectares, 90% of which has yet to be explored,\" said Rana Vig, President and CEO of Blue Lagoon Resources. \"We're also very encouraged with the fantastic numbers returned from the rock sample program that will serve to prioritize our 2021 drill targets at Freegold, Forks, and the 9800 zone,\" he added. HIGHLIGHTS OF NEW ROCK SAMPLE DATA Sample 74653 (Freegold Vein) Returned 5.07 g/t Au and 31.3 g/t Ag Sample 74501 (Freegold Vein) Returned 56.2 g/t Au and 136 g/t Ag Sample 74502 (9800 Zone) Returned 26.5 g/t Au and 322 g/t Ag Sample 74503 (Forks Vein) Returned 47 g/t Au and 287 g/t Ag Sample 74505 (Freegold Vein) Returned 53.2 g/t Au and 59 g/t Ag Sample 74506 (Freegold Vein) Returned 14.1 g/t Au and 61.5 g/t Ag Sample 74507 (Freegold Vein) Returned 90.6 g/t Au and 129 g/t Ag PHASE ONE DRILLING The first drill rig is located on the Noranda 1 pad which drilled hole DM-20-139 during the recently completed 2020 drill program and hit 17.69 g/t Au and 70.40 g/t Ag (including 0.65 meters running 48.4 g/t Au and 95 g/t Ag) over 3.13 meters at a downhole depth of 338 meters. This hole was a vertical hole. The current drilling from this pad will drill at -60, -70- and -80-degrees inclination to follow the high-grade gold mineralization in the Boulder Vein up to the recently defined gold resource lower limit. Close spaced drilling will allow for this mineralization to be included in a resource category when the next 43-101 resource is completed. Once this drilling from the Noranda 1 pad is completed, this rig will move south and target deeper mineralization in the Boulder Vein. The Company's newly added second drill rig is placed on Pad 26 and will follow-up on the high-grade results drilled in hole...